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450 & 464 N Morgan St, Chicago, IL 60642

Two Chicago parcels carry separate B2-3 and M2-2 zoning designations within the West Loop/Fulton Market area.

Property SizeContact for details
Days on Market144

Property Features for 450 & 464 N Morgan St

General Information

Standard status Active
Property subtype Land
Listing Agency: JLL
Listed By: Christopher Knight · License #IL
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 12:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL

Investment Insights

Based on property information with market context.

This fee-simple commercial land portfolio includes two parcels at 450 and 464 N. Morgan Street in Chicago. The 450 N. Morgan parcel contains 13,703 square feet and is designated Type-1 B2-3, while the second parcel comprises 12,825 square feet with M2-2 zoning.

The properties are situated in Chicago’s West Loop/Fulton Market area, near the neighborhood’s food and beverage businesses, boutique hotels, and creative office buildings. The portfolio offers separately identified land components with distinct zoning classifications within an active mixed-use district.

Key Highlights

  • 13,703 SF parcel at 450 N. Morgan Street
  • 12,825 SF balance of the portfolio
  • 450 N. Morgan is zoned Type‑1 B2‑3

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Restaurant Buffet Adult Day Care Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7,011
Businesses Nearby

Demographics for 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value

Market

Vacancy Rate% for Industrial in Chicago, IL

4.9% 2019
5.4% 2020
4% 2021
3.3% 2022
4.5% 2023
4.5% 2024
4.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Two Chicago parcels carry separate B2-3 and M2-2 zoning designations within the West Loop/Fulton Market area.
Where is this commercial land located?
The property is located at 450 & 464 N Morgan St Chicago, IL.
What are key features of this property?
This property features: 13,703 SF parcel at 450 N. Morgan Street; 12,825 SF balance of the portfolio; 450 N. Morgan is zoned Type‑1 B2‑3
(312) 980-3603 Call to check price and availability
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